Opensys (M) rose and hit the RM0.41 resistance level. With its RSI indicator pointing upward, coupled with a higher trading volume, there is a good chance that it would experience a technical breakout and head towards the short-term target price of RM0.43, followed by RM0.445. The downside support is marked at RM0.375. Traders are advised to exit on a breach to avoid further losses.
Trading Call: Buy on breakout RM0.41
Target: RM0.43, RM0.445 (time frame: 2-4 weeks)
Exit: RM0.375
Source: AmInvest Research - 24 Jan 2022
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Created by AmInvest | Nov 21, 2024